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PRESS RELEASE: Skyon, the most eye-catching skyscraper in Tornimäe was opened with a grand celebration

Skyon, a 95-metre-tall commercial and office building, which will give the capital’s silhouette a fresh look was opened on Maakri street in Tallinn today.  A striking light show set to the music of NÖEP was projected onto the unique glass façade of the building, which was developed by Capital Mill.

The 26 floors of Skyon, which was developed in accordance with the highest, Platinum standard requirements of one of the world’s best known rating systems for green building (LEED) are occupied by several IT companies, law firms and financial service providers. These include Coop Bank, Arco Vara, BaltCap and the Estonian Banking Association. Capital Mill itself also relocated to Skyon.

According to Igor Mölder, one of the founders of Capital Mill, Skyon will complement Tallin’s silhouette in content and form, offering the best working conditions in the district behind the 898 glass panels covering its façade, thanks to environmentally friendly and smart solutions.

‘Developing a skyscraper in the heart of Tallinn and adding to the city’s legendary silhouette meant an exceptional responsibility for Capital Mill as developer. We knew from the beginning that we wanted to create something eye-catching, valuable, and special. I believe that in collaboration with architects, the contractor and other partners did a great job in achieving that,’ Mölder said.

The building uses several smart technological solutions to make it sustainable and environmentally friendly. Almost 900 glass panels of different shapes and sizes give a unique look to the interior as well as the exterior while considering the distribution of light throughout the day. Thus, the façade protects from excessive solar radiation while allowing to enjoy a view of the city at the same time. In the dark, however, a striking effect will be created by a total of 4.5 kilometres of LED light strips which are installed between the façade components.

Heating and ventilation use an energy and money saving solution which utilises the cool night air for precooling during the warm summer nights and reduces the amount of energy spent on ventilation, cooling and heating during the time when the workers are at home. All technological systems are remotely operated.

The architectural solution for Skyon was created by the internationally acclaimed architects from KOKO. Construction of the building began in February of 2019 and required 10.000 square metres or 24.000 tons concrete. There are a total of 8.000 square metres of façade and 8.400 square metres of rental surfaces.

Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in the Baltic countries and generate value through high-quality property management services. The founders and partners of the company comprise a team with long-standing real estate and banking experience. Capital Mill manages several highly valued commercial properties in Estonia, Latvia, and Lithuania.

Photo gallery: https://bit.ly/3mIDvBT

Additional information:

Igor Mölder

Igor.molder@capmill.eu

Capital Mill OÜ

Maakri 30

Tallinn 10145

 

Kaarel Loigu to become CEO of Capital Mill

With 20 years of banking experience, Kaarel Loigu is set to take charge of Capital Mill, which is looking to expand its reach in the Baltic Republics, with his goal being the sustainable management and development of the company.

Igor Mölder, who has led the company for 12 years, will be focusing even more on the development of sales, strategy and other companies belonging to the CM group.

‘Capital Mill has grown rapidly in recent years, but we want to build an even stronger and more ambitious company. We have reached a stage where greater emphasis must be placed on sustainable management and the development of the company,’ said Mölder. ‘Leading Capital Mill requires a highly ambitious and broad-minded person, one who understands our company, real estate and banking. Kaarel is a professional who is not afraid of challenges or work, knows how to motivate people and wants to contribute 110 per cent to achieving goals. We are pleased that such a person has joined our team.’

Loigu is a top manager with 20 years of banking experience, who spent the last three years heading the Corporate Finance Department at Coop Pank.

‘The challenge of participating in the success story of Capital Mill is, of course, a great one. I believe that I can successfully use my long-term banking and management experience. In my opinion, Capital Mill is a strong player in the real estate market, and it is certainly important that it is a comprehensive and ambitious company. I see an excellent opportunity to increase business volumes in cooperation with a strong team in all three Baltic Republics, and possibly in other countries as well,’ said Loigu.

Capital Mill is looking to expand its operations in all domestic markets in Estonia, Latvia and Lithuania in the coming years. The company’s most outstanding development in recent years is the 26-storey commercial building on Maakri Street, and the 95-metre-high commercial building Skyon, which will be opening its doors on 26 August.

However, the most striking difference setting the skyscraper apart from the rest of the cityscape is its unique in the Baltics coloured glass façade, which will consist of 898 coloured elements when completed. SKYON is being awarded a LEED Platinum certificate in accordance with one of the most well-known environmentally friendly evaluation systems, and a number of smart technological solutions have been used in the building to help make it sustainable and environmentally friendly.

Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in the Baltic Republics and generate value through high-quality property management services. The founders and partners of the company comprise a team with long-standing real estate and banking experience. Capital Mill manages a large number of highly regarded commercial buildings in Estonia, Latvia and Lithuania.

Additional information:

Igor Mölder

Capital Mill

Igor.Molder@capmill.eu

Capital Mill have sold three of their holding companies to Elektrum Eesti OÜ

Elektrum Eesti OÜ signed on June 30 an agreement to acquire the shares of Energiaturu Võrguehitus OÜ, SNL Energia 1 OÜ and Baltic Energy System OÜ. The main activities of the companies acquired are the construction, maintenance, and rental of power plants with everything associated with it, helping companies to save on electricity network and connection costs, increase or decrease capacity and rebuild an existing electricity connection according to changing needs. The company manages today 53 MW of electricity connections passing through almost 80 GWh of electricity per year.

“Elektrum is mostly known in Estonia as an electricity and other energy products retail sales company for household and business clients,” said Andrus Liivand, Chairman of the Board of Elektrum Eesti OÜ. “The acquisition of this group of companies is part of the strategy of Elektrum Eesti to expand its operations into new product segments and business lines,” Liivand added.

The consent of the Estonian Competition Authority is required for the transaction to take effect. By agreement of the parties, the price of the transaction remains confidential.

“For 10 years, the group has shown rapid growth and operational readiness to adapt to changing economic conditions,” said Kaspar Sari, Member of the Board of Energiaturu Võrguehitus OÜ. “The transaction gives the present owners an opportunity to focus on new challenges and trends. I am convinced that our current customers will continue to be well-maintained and the ambitious growth strategy of Elektrum Eesti will be of success,” Sari commented.

Elektrum Eesti OÜ is an energy sales company offering its customers not only electricity but also natural gas, solar energy, and electric car charging solutions, as well as energy efficiency and energy home management solutions.
Elektrum Eesti belongs to the Latvenergo Group, which is one of the leading energy suppliers and green energy producers in the Baltics. The group’s companies serve a total of 740 000 customers in the Baltics, and 60% of the group’s energy production comes from renewable energy sources. Elektrum has been operating in Estonia since 2007 and provides services to 28 500 household and business customers.

Andrus Liivand, Chairman of the Board of Elektrum Eesti OÜ
Tel: +372 5660 0225, e-mail: andrus.liivand@elektrum.ee
www.elektrum.ee

Skyon sprinkler system testing

Skyon office building welcomes everyone this August, which means the testing of all the technical systems’ work is in full swing. Here, you can see the first test of the watermist fire suppression system.

Compared to the conventional fire sprinkler system, the watermist fire suppression requires from 50 to 80 per cent less water to be effective, which minimises potential water damage to the interior.

Capital Mill sold an almost-2000-square-meter commercial building at 21 Sevcenkos in Vilnius, Lithuania

An agreement has been reached and a commercial building situated at 21 Sevcenkos in Vilnius has changed its owner from Capital Mill to a Lithuanian developper (Br)/ developer (Am), Homa Group.

Newsec and Fort Legal were of great help in the consulting process of the deal.

The change is directly linked to the Capital Mill’s strategy of their portfolio renewal through investing into bigger projects in the Baltics.

You can read press release here: https://newsec.lt/en/acquisition-of-hotel-in-vilnius-naujamiestis-district-completed/

Press release of Coop Pank: Coop Pank becomes the key tenant in the Skyon office building

In August this year, the headquarters of Coop Pank will move to the new Skyon office building, which will be completed in the Maakri quarter. The move to larger premises is in line with the domestic bank’s aspirations for growth and allows to provide employees with a modern, inspiring, and energy-efficient work environment.

Coop Pank will become the main tenant of the new Skyon office building – the bank’s premises will be located on the first ten floors of a 26-story building. Coop Pank will use about 3,500 square meters here, which is almost a third more than in the current main building of the bank.

“We are growing fast, and the current premises just feel cramped. Since the acquisition of the bank in 2017, we have grown by about 40% annually and have created over 130 new jobs over the past four years. That is why we were looking for a more spacious, modern, inspiring, and energy-efficient work environment that would be comfortable for both employees and customers. It was Skyon that best met these criteria,” said Coop Pank’s chairman of the management board Margus Rink.

In the high-rise Skyon building Coop Pank will be housed in spacious rooms with natural light. “The interior architects have considered both the character of our brand and the fact that employees should feel good on the premises. We focused on relaxation areas, cozy meeting rooms, and terraces. Skyon’s location in one of the key areas of the city center and the bicycle parking next to the building make it easy to get around on foot or cycling,” explained Janika Valliste, HR manager at Coop Pank.

Valliste noted that in addition to the location, the modern character of the building and its energy efficiency played an important role in choosing Skyon. Skyon office building is LEED Gold certified and has energy efficiency class B. All modern energy-saving technologies are employed here: for instance, lighting throughout the house is based on LED lamps that turn on and off automatically in response to movement. “Although the new office is a third larger than the current one, our heating costs should even be reduced,” Valliste added.

Triple-glazed windows with low solar factor keep the indoor climate consistently warm in winter and pleasantly cool in summer, saving on both heating and cooling costs. Throughout the building, according to your own preference you can comfortably adjust the temperature, which is maintained in an optimal way thanks to the building automation. Multilayer filters and CO2 sensors provide not only pleasant temperatures but also clean air.

More about Skyon high-rise building: https://skyon.eu

Press release: Construction of new shopping centre in Harku Rural Municipality reaches final stage

The Tiskre shopping centre, being developed by Capital Mill, will bring 4800 m2 of fresh retail space to Harku Rural Municipality in the autumn, the lion’s share of which will be occupied by Prisma Peremarket. The arrival of the final stage of construction has just been celebrated with a rafter party in Tiskre.

Tanel Samuel, Capital Mill’s partner, stated that this is an important development for the community, which will bring more jobs and good shopping opportunities to the area. The total investment in the construction of the centre is nearly EUR 4.5 million.

‘Harku Rural Municipality is an attractive living environment with a good logistical location, the development of which is important for the people of the region, but also valuable for Estonia as a whole. The municipality is home to almost 15,000 people, for whom the centre will create new opportunities and a wider selection of food and retail goods closer to home.

A petrol station will also be built next to the centre, and there are several additional vacant plots available for further development,’ he said.

Samuel stated that the works are proceeding according to schedule, with the opening of the centre planned for the autumn. At the moment, the construction of gas pipelines and electricity connections, the installation of street lights, water and sewerage pipelines and the performance of roofing works are still underway, after which it will be possible to focus on interior finishing works.

Prisma Peremarket, the anchor tenant of the one-storey centre, will open a store occupying 3600 square metres. According to Teemu Kilpiä, Prisma Estonia’s country manager, the opening of Tiskre is part of Prisma Peremarket’s expansion plans.

‘Through the construction of new shops we are pleased to be able to offer jobs to both builders and the people who will be working there. The opening of the Tiskre Prisma is part of Prisma Peremarket’s expansion plans for the coming years, both in terms of increasing its number of shops and for offering Prisma’s permanently favourable price levels and high-quality and expansive product range to its customers.’

The new shopping centre will be completed in Tiskre, at Liiva tee 61. A traffic circle has already been built in front of the centre, completed in cooperation with Harku Rural Municipality and the Estonian Road Administration. Landscaping works are planned for spring.

Founded in 2008, Capital Mill is a company focused on investing in commercial buildings located in the Baltic Republics. Over the years, the company has made investments totalling nearly EUR 300 million.

Photos of the rafter party (author Karli Saul): http://bit.ly/Tiskre_CM

 

Additional information:

Capital Mill’s partner

Tanel Samuel

Tanel.samuel@capmill.eu

+372-518-7394

Gallery! Renowned photographers compete at a height of almost 100 metres

What is the heart of Tallinn in 2021? A recent photo competition ‘At the Height of the City Centre” captured views from a height of almost 100 metres and ranked the best. The winning work was submitted by Estonian photographer Eerik Ülevain.

Professional Estonian photographers took part in the recently ended competition, having been presented with the opportunity to capture the heart of the city from the top floor of the 95-metre high Skyon commercial building. The competition was organized by Capital Mill.

According to Igor Mölder, CEO of Capital Mill, Skyon is the company’s tallest development. ‘The construction of a high-rise building near the heart of the city is undoubtedly a major challenge, and we are all the more pleased to say that we have reached the home stretch today. Prior to completion of the glass façade and roof, we gave renowned Estonian photographers the opportunity to take pictures of the city from the top or 26th floor. The idea behind the competition was to record the metropolitan development of Tallinn and capture its beauty.’

From among the photographs captured by the height defying photographers, Capital Mill selected the three best, which will decorate Skyon’s atrium, which will be completed in the summer. In addition, Euronics gift cards worth EUR 200-500 were awarded to the 1st, 2nd and 3rd place photos.

Several companies providing IT, legal and financial services will move into the Skyon commercial building next summer. However, the most striking difference setting the skyscraper apart from the rest of the cityscape is its unique in the Baltics coloured glass façade, which will consist of 898 coloured elements when completed. The author of the skyscraper is KOKO architects, recognized both in Estonia and internationally.

Capital Mill OÜ was founded in early 2008 to help investors looking to acquire commercial real estate in the Baltic Republics and generate value through high-quality property management services. The founders and partners of the company comprise a team with long-standing real estate and banking experience. Capital Mill manages a large number of highly regarded commercial buildings in Estonia, Latvia and Lithuania.

Winning works and galleries: http://bit.ly/Skyon_konkurss

Additional information: 

Kätlin Sasse

Capital Mill Marketing Manager

katlin.sasse@capmill.eu

372-5805-0534

 

VIDEO: Putting the Skyon façade puzzle together

Skyon towers over Maakri Street, and it is already difficult to look away because of its exciting façade solution. The whole façade is comprised of 898 multi-coloured glass elements that are put together thanks to the enormous amount of planning and outstanding precise work. We are so grateful to Fenster’s professionals, whose impeccable work results will be there to see and marvelled over in full scale in the beginning the next year.

Want to see how it’s all being put together? Have a peek here!

Capital Mill owners sold gas infrastructure and trading company Energate

The owners of Capital Mill sold the gas infrastructure and trading company Energate in a recent transaction, the value of which has increased successfully following its acquisition in 2016.  

Marko Kull, Partner in Capital Mill, a leading property investment company, said that the capital freed up from the sales transaction will be directed to new real estate developments and electricity generation under the leadership of the Energy Market team.

‘Under the leadership of Capital Mill, Energate has grown significantly over the last four years. It is an attractive and profitable gas infrastructure and trading company, the sale of which will draw a line under operations for 2020’, said Kull, who also confirmed that despite the new transaction, the energy sector remains an interesting business direction for the Capital Mill team.

Energate’s sale was advised on the seller’s side by the law firm Ellex Raidla and Redgate Capital, the leading investment banking company in the Baltics, which advises medium-sized companies on raising capital and conducting mergers, acquisitions and real estate transactions.

‘Investor interest in energy and infrastructure companies remains high in Estonia. Energate has already proven itself in the market and continues to exhibit strong growth potential. I believe that under the new owner, the company will grow even more, and at the same time the former owners will be able to focus on their core business’, commented Mart Altvee, Partner in Redgate Capital.

Capital Mill OÜ was founded in early 2008, to help investors looking to acquire commercial real estate located in the Baltic Republics and to grow their value through high-quality property management services. The founders and partners of the company comprise a team with long-term real estate and banking experience. Capital Mill manages a large number of highly regarded commercial buildings in Estonia, Latvia, and Lithuania.

 

Additional information:
Marko Kull
Capital Mill
Partner
E-mail: marko.kull@capmill.eu
Mob : +372-524-5665

+372 630 3700
property@capmill.eu

© Capital Mill 2019

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